New Mode of Cashback in Canada: A Beginner Guide to Drop

Drop (Click here to download) is ambitious in making the effort to revolutionizing the mode of cashback since it was ranked one of the top Toronto based tech company and one of the 100 best start-ups in 2016 in Canada. This post will work you through how this app works and why it is so amazing to have. Drop has its own reward system: by earning Drop Points you can redeem different kinds of gift cards. Every 1000 Drop Points worth 1 CAD towards your gift card redemption, which means, 10 points per dollar spent equals 1% cash back. I personally think this is a very good add-on to your credit card points accumulation.

2. Sign up for a new account using your email address. You will be asked to provide an invitation code (in USA) or referral code (in Canada) to get an additional 1000 points. Our fancy and specialized refer code is: phdguy.

3. This is a critical step: link you most common used credit cards to the program. You can add more cards later on by clicking settings icon on the top right of this app. Note: You will be asked to login into your banking information when linking your cards, but this is for tracking your transaction only. You do not have to worry about account security here. More information about this is explained in great details on the official webpage here: click here.

4. Now you can earn Drop Points by using your card at selected merchants offered in your app. I will write in the next post on how some additional tricks about those offers in Drop.

Highlights

As you use more of the offers, you will receive even more offers from various merchants. Some of them are really amazing deals. To make it even better, those deals can be shared among friends!

You can refer your friend to join this app by using your own refferal code. Once they sign up, you will both have 1,000 more drop points. Sometimes you can earn 2000,3000, and even 5000 points by referring your friend to join.

The nicest thing about this app is that, you can earn your cashback or points with your credit cards at the same time. So it is actually a very good add-on feature. Say, you are using your 2% cash back card on Tims, you can earn another 2% "cash back" if you link this card to Drop.